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Deals

Israel's Navitas buys stakes in four Texas oil fields from Denbury

JERUSALEM (Reuters) - Israel’s Navitas Petroleum said on Sunday it had purchased 50% of the rights in four producing oil fields in Texas from oil and gas company Denbury Resources for $45 million.

Navitas’ share in current production under the deal will be 1,363 barrels of oil a day, and it said it intends to carry out further development at the projects.

Reporting by Ari Rabinovitch; Editing by Tova Cohen

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